Looking at duty on cider, as is topical, and before the latest changes announced yesterday...
1 litre of still 8.4% cider, duty 47p
1 litre of sparkling 8.4% cider, duty £2.07
That's £1.60 to the government for the bubbles in a litre of fizzy strong cider (such as K).
So they are finally taxing thin air now!!!!
What the hell will they tax next.
P.S. I don't think I am misreading that reference. £2.07/litre duty on 8.4% fizzy cider. So 4x440ml of K cider is £3.64 duty (1.76l). Yet Tescos sell 4x440ml of K for £4.08 (£3.47+VAT). How?
P.P.S. Yes, I know it is probably CO2, but there is CO2 in air so it is close enough.